Short Interest in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Grows By 246.7%

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 413,440 shares, an increase of 246.7% from the April 30th total of 119,257 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 113,734 shares, the short-interest ratio is currently 3.6 days.

SPDR S&P Emerging Markets Dividend ETF Stock Up 0.0%

Shares of NYSEARCA EDIV traded up $0.02 during midday trading on Friday, hitting $41.43. The stock had a trading volume of 71,937 shares, compared to its average volume of 178,293. The business’s 50 day moving average is $40.65 and its 200-day moving average is $40.35. The company has a market cap of $1.23 billion, a P/E ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $36.94 and a 52 week high of $43.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at approximately $25,000. Bogart Wealth LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the first quarter valued at approximately $39,000. Raleigh Capital Management Inc. purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at approximately $40,000. Commonwealth Retirement Investments LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at approximately $43,000. Finally, Trust Co. of Vermont raised its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 165.1% during the fourth quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock valued at $65,000 after purchasing an additional 1,040 shares during the last quarter.

About SPDR S&P Emerging Markets Dividend ETF

The SPDR S&P Emerging Markets Dividend ETF (EDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a yield-weighted index of high-dividend-paying firms in emerging markets. The index screens for 3-year positive earnings growth and profitability. EDIV was launched on Feb 23, 2011 and is managed by State Street.